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‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?

‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?

by Third Party | Feb 23, 2023 | Real Estate News, U.S. Housing Market

Source: USA Today —  Buyers might finally be calling the shots in 2023, as housing inventory while still low, has started to climb up. Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline...
Zombie Foreclosures continue to increase across the nation

Zombie Foreclosures continue to increase across the nation

by Leora Ruzin | Feb 23, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market

ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure represents 1.3 percent, or...
California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities

California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities

by Leora Ruzin | Feb 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the Housing and Urban Development’s (HUD) announcement to reduce the annual mortgage insurance premium on Federal Housing Administration (FHA) insured loans.   ...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

by Leora Ruzin | Feb 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023.   So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.

Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.

by Leora Ruzin | Feb 23, 2023 | Industry Updates, Mortgage Information, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Curbio, Inc., a pay-at-closing home improvement tool for the real estate industry, announced the launch of its new mobile app. The app allows real estate agents and home sellers to get estimates for pre-listing home improvement costs and projected ROI. Agents and...
HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans

HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans

by Leora Ruzin | Feb 22, 2023 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
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